82.09 0.00 (0.00%)
After hours: 4:17PM EST
|Bid||73.33 x 800|
|Ask||90.00 x 800|
|Day's Range||81.04 - 82.26|
|52 Week Range||70.36 - 91.90|
|Beta (3Y Monthly)||0.93|
|PE Ratio (TTM)||13.98|
|Forward Dividend & Yield||1.34 (1.66%)|
|1y Target Est||N/A|
Union Pacific stock (NYSE:UNP) is up more than 8% on Tuesday as the company announced the hiring of a new chief operating officer to its fold. The railroad company -- which was created in 1969 and is based out of Omaha, Nebraska -- saw its stock increase the most it has since 2009 as it hired 60-year-old Jim Vena to become its new COO. Vena, who is a protege of railroading giant Hunter Harrison, will take over in the role on Jan. 14 with the goal of helping the company become more efficient in its operations. The new Union Pacific COO will be in charge of the company's goals to shift towards precision scheduled railroading, which Harrison pioneered and brought to Union Pacific late in 2018. Vena's return to the railroading world follows his June 2016 retirement from Canadian National Railway (NYSE:CNI) after a 40-year stint with the company. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Vena has plenty of experience with precision scheduled railroading, working within the discipline for more than two decades. He also has north of a decade working alongside Harrison. The goal of the precision scheduled railroading shift is to help improve profits, which it has already done so at four major railroads, including Canadian National. "This marks yet another milestone in the PSR [precision scheduled railroading] chronicles at UNP, and puts the company one step closer to full network implementation by mid-2019 -- which is now clearly visible," Credit Suisse analyst Allison Landry said in a note Monday. "We think execution risk is diminished." UNP stock is up about 8.8% on Tuesday following the news. ### More From InvestorPlace * 7 A-Rated Tech Stocks That Will Power Innovation in 2019 * 10 Stocks That Won Big In 2018 * 10 Hot Companies Going Public in 2019 Compare Brokers The post UNP News: Why Union Pacific Stock Is Surging Today appeared first on InvestorPlace.
as it pursues its Unified Plan 2020 under the leadership of newly named COO Jim Vena. Shares have popped almost 9% even into late afternoon hours, on the hope that he can trim the companies operating ratio and keep profits for shareholders. Burlington Northern Santa Fe are all a measure of how much of the company's revenue go to operating expenses.
Union Pacific (UNP) will be hoping that the appointment of Jim Vena as COO helps it lower operating ratio, and operate as a safe, efficient and reliable railroad.
The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAIL ** Canada's largest railway expects ...
Canadian National (CNI) awaits ratification of the provisional deals. Satisfied labor groups generally imply greater operational efficiency.
“All in, 2019 has the potential to be a record year’’ for the company’s freight volumes, Chief Executive Officer Jean-Jacques Ruest said Thursday. Canada’s biggest railroad is reaping the benefits of record 2018 investment of C$3.5 billion ($2.6 billion) spearheaded by Ruest, who took over in March after the carrier’s inability to cope with higher-than-expected demand drew public rebukes from customers. To boost capacity, Canadian National hired hundreds of train conductors, bought equipment such as boxcars and locomotives and built miles of track.
The earnings per share of Express Scripts Holding Co. (ESRX) have grown 34% annually over the last five years. According to the DCF calculator, the stock is undervalued and is trading with a 50% margin of safety at $101 per share. The price-earnings ratio is 11.85.
Factors like robust freight activity, strong intermodal performance and prudent cost management are positives for railroads and should drive growth going forward.
Surging freight demand and volume expansion place Canadian National (CNI) on a solid footing, evident from its upbeat expectations for the current year.
Canada's biggest railroad says it is attracting interest from oil producers in its effort to move crude in solid, puck-like form, as clogged pipelines divert more oil to riskier rail transport. Congested pipelines have stranded much of Canada's crude in Alberta, driving discounts to record-high levels. Canadian heavy crude traded on Friday for less than one-third of the U.S. benchmark light oil price.
Moody's Investors Service, ("Moody's") assigned an A2 rating to Canadian National Railway Company's ("CN") new USD$300 million senior unsecured notes due 2020 and new USD$300 million senior unsecured notes due 2049. CN's existing ratings are unchanged, including the A2 senior unsecured note rating, and the P-1 short-term rating.
The robust financial health of railroads bears testimony to the fact that the scenario has improved considerably for players in this industry despite coal-related headwinds.
This article by FreightWaves advisor and intermodal consultant Brian Bowers is the second of three reviewing the controversial subject of precision railroading, an operational system and a management philosophy that in the railroad business today is leading to one question: which side are you on? This week we are going to explore current performance within each of the five foundations of the strategy. 1. Improving service quality and consistency is key to achieving precision railroading.
Canadian National Railway's third-quarter earnings report suggests strong growth ahead for the railroad.
Canadian National Railway (NYSE: CNI) became the latest railroad to beat earnings estimates thanks to the growth in bulk commodities such as crude, grain and coal. The fifth largest railroad by revenue, Canadian National saw revenue rise 14 percent to $3.69 billion Canadian dollars. Adjusted net income rose 11 percent to $1.1 billion with earnings per share rising 15 percent to $1.50, which was better than the $1.48 per share consensus estimate.
Strong freight revenues drive Canadian National's (CNI) Q3 results. Moreover, the company's efforts to reward shareholders in the form of dividends and share repurchases are encouraging.